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Romania: Base Rate at Record Low

Published: February 4, 2014; 18:19 · (Vindobona)

Today, the Board of the National Bank of Romania has cut the base rate to 3.50 % from 3.75%. Since July, borrowing costs were cut by 175 bps. Economists think that there will be no further cuts.

Romania: Base Rate at Record Low / Picture: © BNR National Bank of Romania

The Board of the National Bank of Romania has decided to lower the monetary policy rate to 3.50 percent per annum from 3.75 percent previously. Hence, starting with 5 February 2014, the interest rate on the NBR’s lending facility (Lombard) will be lowered to an annual 6.50 percent from 6.75 percent, while its deposit facility rate will stand at 0.50 percent per annum. The NBR Board…

This article includes a total of 776 words.

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